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TA-3.1.14

Takaful firmsG by definition are co-operative in nature and as such participants (policyholdersG ) are entitled to a return of any surplus of the takaful funds operated by a takaful insurer. Takaful firmsG must establish a policy for the distribution of surplus but may only distribute a surplus if the firm meets its required solvency margin requirements both prior to and after the distribution.

Rulebook Reference CA-8.5
Amended: January 2007
 Versions
(2 Versions)
 
Up to Jun 30 2007Jul 1 2007 onwards
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